The Latest Breaking News on Economy

Britain’s GDP fell 0.6 per cent in June as the cost of living crisis and working time lost during the national celebrations for the Queen’s Platinum Jubilee sent output tumbling.

ONS says two bank holidays to mark Queen’s jubilee contributed to fall in output in June

Study shows pay rises could fall behind inflation by 8% later this year, an unprecedented drop in living standards

The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength

New Zealand's opposition has described the government's much-vaunted cost of living payments as a "debacle" after cash went to backpackers and the deceased.

Income tax thresholds, including the personal allowance, have been frozen for four years. But inflation is soaring and could hit 13% - meaning people will be dragged into paying more

Young people have been taking to the streets across India, demanding governments act to provide more jobs. In the northern state of Bihar, large numbers protested on February at delays in filling public sector vacancies. Some of them had passed the required examinations but waited several years for their job…

Prices rises will cause cuts in healthcare, education and defence unless the Treasury intervenes, according to a leading economic think tank

Severe cuts to services feared as rising costs absorb a big chunk of increased departmental spending